The investment firm reported reduced losses and a new strategy focused on financial services opportunities. With recent investments and secured funding, the company aims to build an integrated, technology-enabled financial services investment group.
The financial services-focused investing company is providing £450,000 of short-term funding to support its portfolio company AlbaCo during the banking licence assessment process.
The venture capital firm Caledonian Holdings plans to acquire Aspire Commerce Group, a provider of financial services technology, in a deal valued at £9.5 million.
The investment company announces a change in shareholding for one of its non-executive directors, with no other significant news.
The asset management firm has announced changes to its major shareholdings.
The financial services and technology-enabled business secures a £3.5m funding package, including a £500,000 cash subscription and a £3m convertible loan note, to support growth and investment.
The venture capital firm has entered into a binding agreement to exchange shares with AlbaCo Limited, strengthening its investment position in the fintech company.
The investment company has committed up to £1 million in funding to support the growth plans of AlbaCo, a UK banking platform applicant.
The investment firm reported a substantial annual loss of £4.37 million, primarily due to significant write-downs in its investment portfolio. It's pivoting towards financial services amid challenges with legacy investments.
The investing company is updating the market on its proposed fundraising, focusing discussions on institutional investors and structured capital providers.